Streetbeat News

Regulatory

CSIQ

Canadian Solar's majority-owned subsidiary, CSI Solar, has published its updated IPO prospectus and indicative timetable on the Shanghai Stock Exchange. CSI Solar plans to issue 541,058,824 shares, representing 15% of shares outstanding after the IPO, with an additional 81,158,500 shares for over-allotments. The IPO pricing is expected to be confirmed on May 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 8:02 pm

MSFT

OpenAI's leadership, including founder Sam Altman, President Greg Brockman, and Chief Scientist Ilya Sutskever, propose the creation of an international regulatory body for AI, similar to the International Atomic Energy Agency. They believe that the rapid pace of AI development requires coordination among leading efforts to ensure safety and smooth integration with society.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 7:49 pm

LCID

Lucid Group Inc (LCID) shares are trading higher by 6.96% to $7.68 amid overall market strength on debt ceiling talks. President Joe Biden will meet House Speaker Kevin McCarthy to discuss the debt ceiling and attempt to reach a deal as the June 1 government default deadline approaches.

Portfolio Pulse from Henry Khederian

May 22, 2023 | 7:48 pm

WFC

Wells Fargo shares are trading higher by 2.62% amid overall market strength on debt ceiling talks. President Joe Biden will meet House Speaker Kevin McCarthy to discuss the debt ceiling and attempt to reach a deal as the June 1 government default deadline approaches.

Portfolio Pulse from Henry Khederian

May 22, 2023 | 7:47 pm

CMPS

Sunstone Therapies' Phase 2 study on psilocybin's long-term efficacy in cancer patients with Major Depressive Disorder (MDD) shows promising results. The study used COMPASS Pathways' (NASDAQ:CMPS) synthetic psilocybin. More research is needed to determine the effectiveness of psychedelics in treating anxiety and depression in cancer patients.

Portfolio Pulse from Lara Goldstein

May 22, 2023 | 7:41 pm

SPY

House Speaker McCarthy believes that the debt ceiling package being negotiated now would be acceptable to a majority of House Republicans, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 6:33 pm

SPY

House Minority Leader Kevin McCarthy stated that he is not concerned about losing his speakership, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 6:16 pm

NURO

NeuroMetrix has been granted European Patent Number EP3538202 for its novel unbalanced biphasic waveform and electrode arrangement in transcutaneous electrical nerve stimulation.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 6:16 pm

NVO

Novo Nordisk announced positive results from its OASIS 1 Phase 3a trial for oral semaglutide 50 mg, a weight management drug. The trial showed statistically significant and superior weight loss compared to placebo. The company plans to file for regulatory approval in the US and EU in 2023.

Portfolio Pulse from Vandana Singh

May 22, 2023 | 6:08 pm